April 16th, 2013
AUGUSTA, Maine – Summit Natural Gas of Maine has announced that the Augusta-based company submitted a proposal on April 12 in response to the City of Augusta, City of Hallowell, City of Gardiner, Kennebec County and Regional School Unit (RSU) #2 request for proposals to provide natural gas service to their public facilities and to residential customers in the communities.
The proposal from Summit Natural Gas of Maine includes an investment by the company of $95 million in natural gas distribution infrastructure within the communities, which upon build-out, will save approximately 30 to 40 percent in fuel costs across all types of customers. In addition, the investment by Summit Natural Gas of Maine will provide the opportunity for customers to access natural gas in approximately 90 percent of the areas in the communities upon build-out of the system.
“We are excited to help people, families and businesses in these communities start saving money by providing them with natural gas service,” said Tim Johnston, executive vice president and chief strategy officer of Summit Natural Gas of Maine. “We take great pride in helping as many business owners and residents access natural gas. Our proposal is designed to help as many people as possible to start saving money on their heating costs. Our commitment to serve communities is what we are all about. We are excited to provide natural gas service to the Capitol region.”
Summit Natural Gas of Maine strategically designed the system to have the capacity to serve the estimated 13,000 customers throughout the cities within seven years. The Augusta, Hallowell and Gardiner work is a part of the $350 million Kennebec Valley Project, which is to supply natural gas service to communities from Richmond to Madison, where construction is set to begin next month.
Summit Natural Gas of Maine, Inc. is planning an investment in the Kennebec Valley of approximately $350 million, creating an estimated 435 jobs, and plans to serve about 15,000 residential, commercial and industrial customers by its third year of operation. The project will start in the Richmond area and the pipeline will stretch north through Waterville and end in Madison. The company plans to begin construction in May 2013 and expects to be operational by early fall.
Augusta, Hallowell, Gardiner, Kennebec County and RSU #2 are expected to make a decision on the submitted proposal within the next several weeks.
Nancy Marshall Communications
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